Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.8.10A

                For subsection 985K (4) of the Act, a margin lending facility is taken not to be unsuitable:

                (a)    if:

                          (i)    an assessment of unsuitability was undertaken in accordance with the Act; and

                         (ii)    the assessment reasonably concluded that the margin lending facility is not unsuitable; or

               (b)    if a person is exempt under regulation 7.8.08B from the requirement to make an assessment of unsuitability in relation to the margin lending facility.